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Segment Information (Tables)
12 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the fiscal years ended March 31, 2023, 2022 and 2021 were as follows:

 

 

 

Fiscal Years Ended

 

 

 

March 31, 2023

 

 

March 31, 2022

 

 

March 31, 2021

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

 

$

 

Service

 

 

1,210,733

 

 

 

1,188,816

 

 

 

868,943

 

Total

 

 

1,210,733

 

 

 

1,188,816

 

 

 

868,943

 

Commercial networks

 

 

 

 

 

 

 

 

 

Product

 

 

530,374

 

 

 

443,435

 

 

 

268,830

 

Service

 

 

82,273

 

 

 

68,664

 

 

 

52,026

 

Total

 

 

612,647

 

 

 

512,099

 

 

 

320,856

 

Government systems

 

 

 

 

 

 

 

 

 

Product

 

 

423,752

 

 

 

417,291

 

 

 

470,543

 

Service

 

 

309,026

 

 

 

298,973

 

 

 

260,536

 

Total

 

 

732,778

 

 

 

716,264

 

 

 

731,079

 

Elimination of intersegment revenues

 

 

 

 

 

 

 

 

 

Total revenues

 

$

2,556,158

 

 

$

2,417,179

 

 

$

1,920,878

 

Operating profits (losses):

 

 

 

 

 

 

 

 

 

Satellite services

 

$

(41,045

)

 

$

31,559

 

 

$

26,263

 

Commercial networks

 

 

(145,319

)

 

 

(209,093

)

 

 

(206,437

)

Government systems

 

 

60,219

 

 

 

93,122

 

 

 

139,703

 

Elimination of intersegment operating profits (losses)

 

 

 

 

 

 

 

 

 

Segment operating profit (loss) before corporate and
   amortization of acquired intangible assets

 

 

(126,145

)

 

 

(84,412

)

 

 

(40,471

)

Corporate

 

 

 

 

 

 

 

 

 

Amortization of acquired intangible assets

 

 

(29,811

)

 

 

(28,729

)

 

 

(5,482

)

Income (loss) from operations

 

$

(155,956

)

 

$

(113,141

)

 

$

(45,953

)

Segment Assets Segment assets as of March 31, 2023 and 2022 were as follows:

 

 

 

As of
March 31,
 2023

 

 

As of
March 31,
 2022

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

Satellite services

 

$

424,881

 

 

$

444,976

 

Commercial networks

 

 

328,828

 

 

 

202,941

 

Government systems

 

 

293,780

 

 

 

266,641

 

Total segment assets

 

 

1,047,489

 

 

 

914,558

 

Corporate assets

 

 

6,682,848

 

 

 

5,199,686

 

Assets of discontinued operations

 

 

 

 

275,102

 

Total assets

 

$

7,730,337

 

 

$

6,389,346

 

Other Acquired Intangible Assets, Net and Goodwill Included in Segment Assets and Amortization of Acquired Intangible Assets by Segment

Other acquired intangible assets, net and goodwill included in segment assets as of March 31, 2023 and 2022 were as follows:

 

 

 

Other Acquired Intangible
   Assets, Net

 

 

Goodwill

 

 

 

As of
March 31,
 2023

 

 

As of
March 31,
 2022

 

 

As of
March 31,
 2023

 

 

As of
March 31,
 2022

 

 

 

(In thousands)

 

Satellite services

 

$

200,097

 

 

$

233,740

 

 

$

80,589

 

 

$

81,972

 

Commercial networks

 

 

 

 

 

 

 

 

41,014

 

 

 

44,050

 

Government systems

 

 

1,108

 

 

 

2,303

 

 

 

36,939

 

 

 

42,688

 

Total

 

$

201,205

 

 

$

236,043

 

 

$

158,542

 

 

$

168,710

 

 

Amortization of acquired intangible assets by segment for the fiscal years ended March 31, 2023, 2022 and 2021 was as follows:

 

 

 

Fiscal Years Ended

 

 

 

March 31,
 2023

 

 

March 31,
 2022

 

 

March 31,
 2021

 

 

 

(In thousands)

 

Satellite services

 

$

28,641

 

 

$

27,220

 

 

$

2,164

 

Commercial networks

 

 

 

 

 

 

 

 

257

 

Government systems

 

 

1,170

 

 

 

1,509

 

 

 

3,061

 

Total amortization of acquired intangible
    assets

 

$

29,811

 

 

$

28,729

 

 

$

5,482

 

Revenues by Geographic Area

Revenues by geographic area for the fiscal years ended March 31, 2023, 2022 and 2021 were as follows:

 

 

 

Fiscal Years Ended

 

 

 

March 31,
 2023

 

 

March 31,
 2022

 

 

March 31,
 2021

 

 

 

(In thousands)

 

U.S. customers

 

$

2,147,651

 

 

$

2,036,019

 

 

$

1,736,136

 

Non U.S. customers (each country individually
   insignificant)

 

 

408,507

 

 

 

381,160

 

 

 

184,742

 

Total revenues

 

$

2,556,158

 

 

$

2,417,179

 

 

$

1,920,878